Trends Specific to the Members States of the European Union on Individual Income Taxation

An effective state is able to raise revenue and to manage them thus stimulating community welfare and investments, and job creation respectively. Tax issues govern the state’s role in the development process, and fiscal policy failure may rapidly undermine economic growth. Considering that, this paper proposes an empirical analysis of the ways for individual income taxation in the European Union, briefly evoking several recent fiscal measures taken by the Member States. The performed analysis attempts to stress the steps undertaken by the New Member States concerning taxation, both in the integration process and concerning the macroeconomic impact. Methodologically considering the assessments of the theories, studies and interpretations mentioned in the literature and the analyses of the practical activity pertaining to fiscal issues at European level, the results achieved highlight fluctuating efforts in terms of intensity undertaken by the Member States to consolidate public finances and to harmonize economic systems.